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Reinsurer urges information sharing to combat fraud

By Kate McCaffery | June 12, 2024, 10:33 a.m.

Photo: Adobe Stock

Note for disability insurers discusses ways to combat artificial intelligence-enabled fraud.

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Headlines

Always Start with Wants

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Living Benefits

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Disability insurance

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Life Insurance

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Digital solutions help address barriers to health care

Life agent’s license suspended for failing to respond to insurance council

Extreme heat has significant impacts on mortality

RGA

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Anti-selection is a significant financial burden for insurance industry

Manulife reinsures $5.8 billion of reserves for block of universal life business

Canada Life Re and Zurich extend plan coverage to $3 billion

Special risks

Family incomes down in 2022

Multiple factors driving demand for cyber insurance

Reinsurer evaluates macroeconomic outlook for real estate investments

Alberta rate filing pause fails to reduce insurance premiums

Technology

Small number of firms have replaced humans with artificial intelligence

Insurance Bureau of Canada launches tool to help insurers and brokers provide quotes

Cyber insurance pricing stabilizes as market continues to grow rapidly

All-time high: 21 per cent of Marsh clients report a cyber event in 2023

Cyberrisks

Emerging risks: 16 potential threats to the industry

Evolving spam and scams require mandatory security awareness training

Public-facing applications a common cyberattack vector in 2023

State of risk landscape changing

Analytic

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May a month of mixed results for pension plans

How to be more authoritative

Investors flock to equity exchange-traded funds

Artificial intelligence

Protection gap persists for intangible assets

Artificial intelligence can help insurers’ streamline claims processing

Securities commission publishes six-year strategic plan

Embracing artificial intelligence is crucial for industry

Fraud

Auto theft claims exceed $1-billion in Ontario alone

Car theft claims costs increase 254 per cent in five years

Health insurance fraud constantly on the rise

Agent who defrauded retired couple banned from securities registration